Bitmine received 13000 ETH worth $24.36 million from BitGo

The South Korean KOSPI index fell by more than 8%, triggering a circuit breaker and halting trading for 20 minutes.

If the price of Bitcoin remains below $75,000, short sellers will face $430 million in option settlement pressure. Currently, there are no call options at or below $75,000, while the size of put options above $75,000 reaches $278 million. The options contract will expire at 4 PM UTC+8 on Friday. (Bitcoin Archive)

On November 4, the U.S. District Court for the Northern District of California granted a preliminary injunction application filed by plaintiffs including Blue Lake Rancheria, prohibiting prediction market platform Kalshi and its affiliated entity KalshiEX from offering any sports-related event contracts within the plaintiffs' Native American lands. The court ordered the plaintiff to provide Kalshi with boundary maps of the relevant lands no later than November 13, and Kalshi must submit an enforcement report to the court within 21 days of the injunction's issuance. The injunction applies only to the plaintiff tribe's Native American lands and is not a comprehensive ban on Kalshi's sports betting operations in California or nationwide.

1. Initial jobless claims in the United States fell to 189,000, lower than expected. 2. Keel liquidated 2,520 bitcoins, cashing out $192 million. 3. Spot gold rose more than 2% to $4,146.99 per ounce. 4. AI stock plunge triggers turmoil, $1 billion liquidated in crypto market. 5. US Bitcoin ETFs saw a net inflow of 208 BTC. 6. Hong Kong passed a bill requiring cryptocurrency exchanges to collect and report customer transaction data starting in 2027. 7. South Korean stocks triggered two circuit breakers; the KOSPI closed down 5.28%. 8. Mercado Bitcoin suffers $48.6 million in losses from hacking attacks. The above is a selection of trending topics from the past 24 hours. Click to read the full article: https://www.aicoin.com/article/556035

Bitcoin mining company Iren reported its first quarter 2027 financial results, with total revenue increasing 66% quarter-over-quarter to $228 million. AI cloud revenue grew 182% quarter-over-quarter to $200 million, with a gross margin of 86%; Bitcoin mining revenue decreased to $28 million from $67 million in the previous quarter. The company's net loss narrowed to $263 million, and adjusted EBITDA was $66 million. Daniel Roberts, co-founder and co-CEO of IREN, said that the over $4 billion ARR target has been fully contracted and funded, but the achievement timeline has been postponed from the original end of 2026 to January 2027 due to customer-requested design changes and supplier time adjustments.